NOT LISTED FOR SALE

1040 W Reeve St Compton, CA 90220

Estimated Value: $953,000 - $1,328,000

10 Beds
4 Baths
4,008 Sq Ft
$291/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $730,000 $182 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,392/month

72 Days on Market

About This Home

As of April 2018

Wow.. Collectors Item.. Spacious 4 Unit Property with great rental income. Great For Investor,First Time Buyer Or large family. Perfect for rental Units. 2 Units on Upper Level And 2 Units on Lower Level. 2 Units are 3 bedrooms 1 bath and 2 units are 2 bedrooms 1 bath. Property has new roof installed 2 years ago.. All 4 units were rehabbed 2 years ago with new Carpet,Granite Counters,Tile floors,Freshly Painted,New Doors and New Toilets with many other improvements Etc. Attached Garage parking. Property located near schools,shopping centers,and near 91 and 710 fwy. Property is 15 minutes away from the new Ram Stadium project. MUST SEE!! Hurry this one will not last long in the market.

Last Agent to Sell the Property

George Ruiz

VIP RE Firm License #01781774 Listed on: 11/25/2017

Last Buyer's Agent

George Ruiz

VIP RE Firm License #01781774 Listed on: 11/25/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,908

Year Built

  • Built in 1955

Lot Details

  • 7,814 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,008 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 14680
  • Assessor Parcel Number 6141012049

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,908

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: CORH*
  • Property Type: Residential Income
  • Parcel Number: 6141012049
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 182.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7814.00

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5431.00
  • Tax Lot: 8
  • Tax Tract Number: 14680

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2021
Sold by
Stamires Alexander
Bought by
Stamires Alexander
Current Estimated Value
$1,164,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,750
Outstanding Balance
$541,219
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$573,906

Purchase Details

Closed on
Sep 27, 2018
Sold by
Lepe Alfred
Bought by
Stamires Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,125
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 25, 2017
Closed on
Apr 23, 2018
Sold by
Cervantes Jorge
Bought by
Lepe Alfred and Lepe Lizette
Seller's Agent
George Ruiz
VIP RE Firm
Buyer's Agent
George Ruiz
VIP RE Firm
List Price
$799,900
Sold Price
$730,000
Premium/Discount to List
-$69,900
-8.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.88%
Original Mortgage
$716,777
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 2015
Sold by
Palacios Ana
Bought by
Cervantes Jorge and Cervantes Imelda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,400
Interest Rate
4.01%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 2012
Sold by
Zar Kambiz and Nabatian Jaklin
Bought by
Palacios Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 24, 2012
Sold by
Zar Kambiz
Bought by
Zar Kambiz and Nabatian Jaklin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2011
Sold by
Nabatian Jaklin
Bought by
Zar Kambiz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.84%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 13, 2011
Sold by
Federal National Mortgage Association
Bought by
Zar Kambiz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.84%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 25, 2010
Sold by
Turner Anita Jo
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 21, 2008
Sold by
Reynolds James L
Bought by
Turner Anita Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2006
Sold by
Reynolds James L
Bought by
Reynolds James L

Purchase Details

Closed on
Jul 22, 2004
Sold by
Reynolds James L
Bought by
Reynolds James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 1995
Sold by
American Svgs Bank Fa
Bought by
Reynolds James L

Purchase Details

Closed on
Apr 19, 1995
Sold by
Holloway Corrie V and American Svgs Bank Fa
Bought by
American Svgs Bank Fa

Purchase Details

Closed on
Nov 25, 1994
Sold by
Wolfriver Holding Corp
Bought by
Candelario Mauricio

Purchase Details

Closed on
Aug 24, 1994
Sold by
Holloway Corrie V and Wolfriver Holding Corp
Bought by
Wolfriver Holding Corp
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stamires Alexander -- Chicago Title
Stamires Alexander $777,500 Old Republic Title Company
Lepe Alfred $730,000 Old Republic Title Company
Cervantes Jorge $530,000 Lawyers Title
Palacios Ana $400,000 Progressive Title Company
Zar Kambiz -- Accommodation
Zar Kambiz -- Stewart Title Of California
Zar Kambiz $260,000 Stewart Title Of California
Federal National Mortgage Association $519,506 First American Title Ins Co
Turner Anita Jo $660,000 Fidelity National Title Co
Reynolds James L -- None Available
Reynolds James L -- None Available
Reynolds James L -- Fidelity Long Beach
Reynolds James L -- Fidelity Long Beach
Reynolds James L $155,000 Investors Title Company
Reynolds James L $155,000 Investors Title Company
American Svgs Bank Fa $161,500 Stewart Title
Candelario Mauricio -- --
Wolfriver Holding Corp $34,504 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stamires Alexander $603,750
Closed Stamires Alexander $583,125
Previous Owner Lepe Alfred $716,777
Previous Owner Cervantes Jorge $520,400
Previous Owner Palacios Ana $392,755
Previous Owner Zar Kambiz $121,000
Previous Owner Zar Kambiz $350,000
Previous Owner Zar Kambiz $350,000
Previous Owner Turner Anita Jo $495,000
Previous Owner Reynolds James L $292,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $730,000 -8.7% $182 / Sq Ft
02/05/2018 02/05/18 Pending -- -- --
11/25/2017 11/25/17 For Sale $799,900 +100.0% $200 / Sq Ft
03/07/2013 03/07/13 Sold $400,000 -4.3% $100 / Sq Ft
10/21/2012 10/21/12 Pending -- -- --
07/02/2012 07/02/12 For Sale $418,000 -- $104 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,908 $867,311 $256,567 $610,744
2024 $14,908 $850,306 $251,537 $598,769
2023 $14,730 $833,634 $246,605 $587,029
2022 $13,864 $817,289 $241,770 $575,519
2021 $13,992 $801,265 $237,030 $564,235
2020 $13,738 $793,050 $234,600 $558,450
2019 $13,575 $777,500 $230,000 $547,500
2018 $9,830 $551,412 $156,060 $395,352
2017 $9,545 $540,600 $153,000 $387,600
2016 $9,316 $530,000 $150,000 $380,000
2015 $7,144 $409,843 $153,691 $256,152
2014 $7,013 $401,816 $150,681 $251,135
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17263797

California Regional Multiple Listing Service (CRMLS)

APN: 6141-012-049